The Simpler Way to Pay™

Using MasterCard PayPass, consumers simply tap their payment
card, or alternative PayPass form factor, on a specially equipped
merchant terminal, eliminating the need to swipe a card through a reader.
The new solution is ideal for environments where speed is essential, such as quick-serve restaurants, gas stations, drug stores, supermarkets and
movie theatres.

What is MasterCard PayPass?

MasterCard PayPass is a contactless payment technology. Instead
of swiping or dipping the card in a reader, the customer waves or taps
it on a terminal. The card never leaves the customer’s hand. Easy
and straightforward, PayPass is The Simpler Way to Pay.

A MasterCard PayPass card contains an embedded computer chip
and radio frequency antenna that transmits the payment information securely
and quickly to the reader. The transaction is then processed as a normal
transaction.

MasterCard cards that contain the PayPass chip also have the
traditional magnetic stripe so the card can continue to be used for swipe
transactions.

Find out how you can maximize credit card transactions with MasterCard PayPass by
contacting your acquirer today;

Why Use It?

PayPass by itself delivers enhanced speed and convenience of
payment and gives customers the peace-of-mind of retaining possession of
their card throughout a transaction. But when combined with the QPS program,
which waives the merchant requirement for signature or receipt, the benefits
grow exponentially.

Based on real-market environments, PayPass resulted in:

An average 8% improvement in the speed of a transaction;

Increased transaction sizes of up to 10% compared with cash (because
customers are now able to use their credit card more conveniently);

Reduced cash handling;

Attraction of new customers and customer loyalty based on the convenience
and efficiency.

What are the Point-of-Sale Implications?

Enabling a merchant to accept PayPass requires a plug-in adapter
and proximity receiver that can be easily added to a current cash register
or terminal through the RS232 port, serial port or USB. Simple-to-use software
is provided to modify the terminal or register to detect the PayPass transaction.

MasterCard is investigating significantly in the marketing of PayPass in
Canada and can provide merchants and acquirers with marketing and promotional
support, POS customization, and training.